News/LPs
Michigan pension fund targets lower-mid-market PE commitments
Focus of the PE division to tilt slightly toward the mid- and lower-mid-markets
Connection Capital appoints new head of funds
Robertson's appointment comes as private investor appetite for specialist alternative asset funds grows
Nordea launches impact fund in partnership with Ståhlberg
Fund invests in companies that contribute to achieving the UN Sustainable Development Goals
EC reduces charges for insurers in PE
Insurance companies accounted for just 8% of European private equity fundraising in 2017
Calpers seeks investment consultants
New contract is expected to start in July 2020, and would be three years long
Japanese pension fund seeks to increase PE exposure
¥150tn ($1.5tn) fund can invest up to 5% of its assets in alternatives, including private equity
AP1 to commit $500m to PE in 2019
Of the $500m, approximately 30% will be invested in Europe, 60% in the US, and 10% in emerging markets
PE leads performance table for Finnish state pension fund
Private equity funds delivered the best returns for VER compared with other investments in 2018
Private equity boosts returns for PensionDanmark
Private equity was the third best performing asset class, after infrastructure and real estate
PGB mandates Aberdeen Standard with €500m
Partnership would be structured as a fund-of-one, with ASI co-investing in each fund
Stonehage Fleming expands private capital team
Meiping Yap joins as director and James Jefferson as senior associate
Minnesota State Board set to commit $550m to PE
LP is set to commit $550m to four private equity funds, according to its latest meeting minutes
L&G hires Columbia Threadneedle's Scrimgeour
Michelle Scrimgeour joins from Columbia Threadneedle Investments, where she worked as EMEA CEO
Universal-Investment reorganises management team
Reinhard replaces Bernd Vorbeck, who will now serve as supervisory board member
PE professionals struggling to meet higher GP commitments - survey
Trend is driven partly by an increase in fund size, but also LPs demanding more skin in the game
Ex-HQ Capital CEO moves to Schroders
Based in London and Frankfurt, Wunderlin will report to group chief executive Peter Harrison
Italian journalists' fund seeks VC opportunities
The National Institute for Italian Journalists' Social Security (INPGI) has launched a tender notice seeking closed-ended venture capital and growth capital funds to invest in.
Tesi to invest €75m in circular economy initiatives
Tesi’s fund-of-funds programme makes 5-10 investments per year, totalling €100-150m
Storebrand buys Cubera Private Equity
Purchase price may increase in connection with the raising of capital for new funds
Private investor platform Truffle Invest offers first PE fund
Platform launched in September last year and has already backed a VC fund with private funds
ATP records loss despite strong PE returns
DKK 785bn fund’s performance took a hit from investments in the global equity markets
Adams Street hires de Beau for primary investments team
Responsibilities include managing private equity fund manager relationships throughout Europe
SEB Investment Management appoints new CEO
Ragnartz joins from pension company AMF, where she worked as head of asset management
Ex-AP6 exec Erik Nobel launches LLCP Stockholm office
Erik Nobel is in charge of establishing and managing the newly established office in Stockholm
